Best Electric Vehicles Companies in Norway
The 57 best Electric Vehicles companies in Norway in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Hexagon Purus.
Norway's Electric Vehicles sector is the lens here, and this directory ranks 57 tracked companies by disclosed equity funding and recent momentum. Total disclosed funding sits at $201M across the cohort, with Hexagon Purus alone accounting for $97M of that, a figure that dwarfs the next tier. Wattif EV follows at $54M, then Imove at $22M. That concentration tells you something: a handful of companies are pulling the capital, while the rest compete for the remainder. And this is happening against a backdrop where global EV market CAGR is projected at roughly 41.2%, meaning the floor is rising fast for anyone with a credible position.
So what does the competitive texture actually look like? No unicorns yet, but the sector themes are heating up: ev powertrain advancements, next-generation platforms, and R&D coverage are all accelerating. Investors like Katapult, EIC Fund, and Europa are active across the directory. With EV sales topping 2 million in the first 11 months of 2025 globally, Norway's position as an early-adopter market gives its homegrown companies a real proving ground, one that government incentive structures have actively shaped. The funding gaps between companies here are wide, but the directional signal isn't ambiguous.
Our analysis of 331 Electric Vehicles companies
$42.9b in tracked funding; 71% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2022.
Ranked: Best Electric Vehicles companies in Norway
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Hexagon Purus Provider of systems and solutions for clean transportation and energy applications | $97M | 30 mo ago | Public | Morten Holum CEO | 2018 | Craft CMSApple iCloud MailPHP+14 | — | — |
| 2 | Wattif EV Developer of EV charging infrastructure | $54M | 41 mo ago | Series C | Bjorn Dale Co-Founder | 2020 | WordPressMySQLPHP+23 | — | — |
| 3 | imove Provider of an online electric-cars subscription platform | $22M | 60 mo ago | Series A | Gunnar Birkenfeldt Co-Founder | 2018 | SanityNode.jsEnvoy+16 | — | — |
| 4 | Amina Manufacturer of AC charging hardware designed for integration and easy use | $10M | 51 mo ago | Series A | Arne Magnus Berge Founder | 2021 | WordPressSentryApple iCloud Mail+29 | — | 1 partnership |
| 5 | Elfly Group Electric aircraft manufacturers | $8M | 34 mo ago | Funding Raised | Eric Lithun CEO | 2018 | RubyAnimate.cssTailwind CSS+12 | — | — |
| 6 | Evoy Developer of marine electric propulsion system | $8M | 36 mo ago | Series A | Leif Stavostrand Founder & CEO | 2018 | WordPressMySQLPHP+32 | 11 patents Electric outboard propulsion systems with integrated cooling and mounting solutions | — |
| 7 | Miljobil Grenland Platform that developed energy storage, electric vehicles, and proprietary battery systems | $1M | 213 mo ago | Acqui-Hired | Bjørn Nenseth CEO | 1997 | — | 10 patents Manufacturing battery electrode slurry and stress‑relieved cell/module components for lithium‑ion cells | — |
| 8 | CityQ Manufacturer of light MaaS solution | $288K | 62 mo ago | Seed | Morten Rynning Co-Founder | 2016 | TildaPriority HintsGoogle Font API+3 | 4 patents Modular rotating chassis systems for car‑ebike hybrid vehicles | — |
| 9 | Podbike Human-powered vehicle with electric assist | $114K | 88 mo ago | Funding Raised | — | 2010 | Cart FunctionalityBigCommerceZURB Foundation+13 | 25 patents Modular canopy hinges, windscreen wipers, and adjustable ergonomic seating for velomobiles. | — |
| 10 | Enua Provider of smart charging solutions for electric vehicles | — | 37 mo ago | Seed | Torben Aune CEO | 2019 | — | 11 patents Flexible-phase EV charging hardware with modular, electronically locked charging stations | — |
| 11 | Freepower Manufacturer of solar-powered electric boats | — | 56 mo ago | Seed | — | 2020 | — | — | — |
| 12 | Enrx Provider of induction heating and wireless charging solutions | — | 77 mo ago | Seed | Evandro Nishimuni Managing Director | — | Apple iCloud MailTailwind CSSMicrosoft ASP.NET+12 | — | 2 partnerships · 1 expansion |
Top 12 Electric Vehicles companies in Norway
#1
Public · Alesund, More og Romsdal · founded 2018 · 688 employees$96.7Mraised▾
Provider of systems and solutions for clean transportation and energy applications. The company delivers infrastructure for hydrogen high-pressure cylinders, stationary storage, and refueling. It offers high-pressure gas bundles and hydrogen distribution systems. The company also provides hydrogen fuel storage and battery systems, plus vehicle integration.
- Dec 2023Post IPO$96.7M
- Mar 2023Post IPO—
- Feb 2022Post IPO—
#2
Series A · Floro, Vestland · founded 2018 · 19 employees$8Mraised▾
Developer of marine electric propulsion system. The company offers both inboard and outboard propulsion systems equipped with an electric motor, a programmable management system, and marine-grade battery packs, and an advanced touch screen control board.
- Jun 2023Series A—
- Nov 2022Grant (prize money)$51.8K
- May 2022Series A$7.6M
- Dec 2020Grant (prize money)$2.4M
#3
Funding Raised · Sem, Vestfold and Telemark · founded 2018 · 6 employees$8Mraised▾
Electric aircraft manufacturers. It caters to commercial seaplanes, general aviation aircraft, and electric air racing. It can be used to transport people and goods.
- Aug 2023Grant (prize money)$8M
#4
Series C · Bergen, Vestland · founded 2020 · 70 employees$54.2Mraised▾
Developer of EV charging infrastructure. It provides cost-effective solutions for landowners, businesses, and local authorities to enable them to be key players in the provision of an EV charging infrastructure. It builds EV charging points across the globe and provides a solution with multiple finance, operational, maintenance, and profitability options.
- Jan 2023Series C$54.2M
#5
Series A · Sandnes, Rogaland · founded 2021 · 10 employees$9.9Mraised▾
Manufacturer of AC charging hardware designed for integration and easy use. The company provides alternating current charging hardware intended for straightforward installation. These charging solutions are compatible with smart home systems, charging applications, and electricity providers. The hardware is designed to give electric vehicle owners control over charging.
- Apr 2022Series A$9.9M
#6
Series A · Bergen, Vestland · founded 2018$22.3Mraised▾
Provider of an online electric-cars subscription platform. The platform enables users to subscribe to electric car rental according to their mobility needs. It provides a platform where users can fix the delivery time, virtual keys to unlock the vehicles & make online payments. It offers features like home delivery, pauses ride at any time, and uses kick scooters, insured ride, and more. It offers a white-labeled cloud-driven system for fleet and business management for manufacturers, leasing companies.
- Jul 2021Series A$22.3M
#7
Seed · Lysaker, Akershus · founded 2016 · 3 employees$288.3Kraised▾
CItyQ is focused on providing eco-friendly mobility solution for the urban environment. It has developed a 4-wheel electric bike with a roof, solar panel, 3 seats, dedicated cargo space of up to 100 liters, and a battery range up to 80-100 km. The company aims to provide MaaS (Mobility as a Service) for city corporations and residential areas.
- Apr 2021Seed$288.3K
#8
Acqui-Hired · Porsgrunn, Vestfold and Telemark · founded 1997$1.5Mraised▾
Platform that developed energy storage, electric vehicles, and proprietary battery systems. It developed Li-ion battery systems for the automotive industry. It is the domain directing to an Enterprise IT Solution provide, Bridge IT Solutions.
- Oct 2008PE$1.5M
#9
Funding Raised · Sandnes, Rogaland · founded 2010 · 7 employees$113.8Kraised▾
Podbike is a Norwegian company focused on developing an human-powered vehicle with an electric assist. The vehicle is a 4-wheeled vehicle and is made of reusable materials. The company plans to launch the vehicle in 2018.
- Feb 2019Grant (prize money)$56.9K
- Jun 2018Grant (prize money)$56.9K
#10
Seed · Trondheim, Trondelag · founded 2019 · 8 employees—raised▾
Provider of smart charging solutions for electric vehicles
#11
Seed · Notteroy, Vestfold and Telemark · founded 2020 · 3 employees—raised▾
Manufacturer of solar-powered electric boats. It provides users with a platform that designs and develops electric boats with solar roofs. It also offers a mobile app that enables users to remotely control and monitor boats and their battery statuses.
- Oct 2021Seed—
#12
Seed · Skien, Vestfold and Telemark · 322 employees—raised▾
Provider of induction heating and wireless charging solutions. It designs and manufactures induction heating systems for various applications, including hardening, melting, and brazing. The company also offers wireless charging solutions for industrial mobility and rail-mounted transportation systems. Services include consultation, installation, maintenance, and repair. A range of products are available, including air-cooled induction heating systems, mobile and stationary induction heating systems, and tube welders. The company also provides tailored service level agreements to enhance system reliability and reduce downtime.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Electric Vehicles coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Electric Vehicles is moving in Norway
A read on the academic research around Electric Vehicles — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 293 Norway-affiliated papers.
- Norwegian University of Science and Technology75
- SINTEF34
- Ministry of Transport32
- University of Agder29
- Institute of Transport Economics20
- Battery (electricity)2→8
- Scheduling (production processes)2→4
- Battery (electricity)2→28
- Automotive engineering3→29
- Grid3→21
- Electricity1→18
- Smart grid1→9
- Battery (electricity)1→13
- Automotive engineering1→8
- Battery electric vehicle1→6
- Greenhouse gas2→5
Where electric vehicles is researched across Norway
Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.